Title 49 of U.S.C. by the Department of Transportation or any predecessor or successor agency thereto, and an air carrier
operating certificate issued pursuant to Chapter 447 of Title 49 of U.S.C. or, in the event such certificates shall no longer be applicable, any Person (except the United States Government) that is a citizen of the United States (as defined in
Section 40102 of Title 49 of the U.S.C.) and legally engaged in the business of transporting for hire passengers or cargo by air predominantly to, from or between points within the United States of America, and, in either event, operating commercial
jet aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo, which also is certificated so as to entitle Lessor, as a lessor, to the benefits of Section 1110 of Title 11 of U.S.C. with respect to the Aircraft assuming
such benefits are then available to lessors under Law. 

  

 **Common Terms
Agreement or CTA** has the meaning given in the heading hereof. 

  

 **Conditions Precedent** means the conditions specified in Schedule 3. 

  

 **CSO** means Cycles since overhaul. 

  

 **Cycle** means one
take-off and landing of the Aircraft. 

  

 **Damage Notification Threshold** has
the meaning given in the Aircraft Lease Agreement. 

  

 **Deductible Amount**
has the meaning given in the Aircraft Lease Agreement. 

  

 **Default** means
any Event of Default or any event or circumstance that, with the giving of notice and/or lapse of time and/or determination of materiality and/or fulfillment of any other condition, would constitute an Event of Default.